PR: Ethbet’s Crowdsale Sells 70% Of All Tokens During Its First Day

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Ethbet, the first gambling platform on the Ethereum blockchain that has announced support for peer-to-peer betting, opened its much-anticipated crowdsale, on September 17th. Within the first day, over 70% of available tokens were purchased, leaving the crowdsale with only 30% of its tokens remaining. At its current rate the crowdsale is expected to sell out soon, after which point it will permanently close to new investors.

One of the reasons investors are so excited about Ethbet’s crowdsale when there’s so many alternative investments available is that the hard cap of the crowdsale is only 5,000ETH – significantly less than what most other companies ask for. Due to this low initial hard cap, investors believe that there is a lot of room for upwards growth. If Ethbet’s market cap is able to approach that of its competitors, investors could realize returns as high as 2000% or more.

The unique feature that drives many towards Ethbet is that it will be the first Ethereum-based platform to allow players to bet directly against each other, a feature not yet offered by any of its competitors. Utilizing the advantages of its peer-to-peer architecture, Ethbet is able to offer lower fees to its players, as they bet against each other instead of against a house. Some other Ethbet features include a provably-fair source of randomness, transparent betting, open-source smart contracts, and no need for user deposits, withdrawals, or registration. With future plans including the ability to gamble using any Ethereum-based token to be added to the platform, investors are convinced that there is a lot to look forward to in the coming months.

The Ethbet platform features an off-chain matchmaking service, allowing for users to efficiently offer and take bets. This is done off of the blockchain to allow bets to be relayed instantly and for free. After a match can be made between the desires of two users, the bet can be executed on the blockchain using an Ethereum smart contract, providing a high level of security, redundancy, and transparency. Thanks to this architecture, the Ethbet platform is hoping to become a major player in the world of Ethereum-based dicing in the near future.

The Ethbet Crowdsale began on September 17th at 8PM UTC. Although most tokens were sold during the first day, it still remains open to new investors that are interested in becoming a part of its platform. To learn more information about Ethbet, check out their website at https://ethbet.io/ as well as their whitepaper at https://ethbet.io/whitepaper.pdf

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.

In Case You Missed It

Introducing Bitcoin Cash Charts – a Graphical Constellation of BCH Data. Bitcoin.com is pleased to announce our new Bitcoin Cash Charts web portal a site that’s dedicated to providing the public with a beautiful and rich display of the BCH ecosystem… read more.

Most Commented This Week

Listen to The Bitcoin.com Podcast Network

Latest Podcasts

we are hiring

News.Bitcoin.com is Hiring Editorial Staff – In Tokyo, Stockholm and Your Town. Are you an experienced news editor or a news reporter with a nose for crypto? We are on a roll – increasing our readership every day – serving millions of readers each month… read more.

The Bitcoin.com Wallet: Available on all platforms

Download the Bitcoin.com Wallet right to your device for easy and secure access to your bitcoins. Perfect for beginners, the Bitcoin.com Wallet makes using and holding bitcoins easy. No logins required.